Thoughts of a relentless mind

ICICI BSDA account

Received mail from ICICI couple of weeks back about the option to open a BSDA account. BSDA stands for Basic Services Demat Account.

There are two schemes under this BSDA account. In the first scheme, the customer will not be charged any AMC if the demat holding is between Rs 0 and Rs 50,000.

In the second scheme, the customer will be chanrged Rs 100 as AMC if the demat holding is between Rs 50,001 and Rs 2,00,000.

For those who fall under any of these two schemes, I suggest to opt for this BSDA account immediately and save some money.

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10/07/2013 - Posted by | General | ,

4 Comments »

  1. i visited icici bank near to my house..They looked surprised and said they never heard of something like BSDA..what shuld i do next

    Comment by Vince | 01/10/2013 | Reply

    • Print and fill-up the BSDA form, and send it by post/courier to:

      ICICI BANK Ltd (Demat Services)
      3i Infotech Limited, Akruti Trade Centre,
      3rd Floor, P.10, Road No.7,
      MIDC Marol, Bhim Nagar, Andheri (East),
      Mumbai – 400093.

      Comment by Webgenius | 03/10/2013 | Reply

  2. BEFORE ONE YEARS i HAD SUBMITTED TO CONVERT MY NORMAL DEMATE ACC TO BSDA BUT TIL L AFTER ONE YEARS THE HAD SENT ME SMS FOR DEMATE CHGS OF 505.25

    Comment by Anonymous | 07/03/2014 | Reply

  3. I had a demat account in ICICI bank, having transaction limit under 50000/- only (About Rs 10,000/-).
    Bank is deducting normal charges from me. in spite of several follow up for months, bank did not ready to give free services.
    Recently, bank deducted Rs 687/- from my linked SB account, therefore, I have closed my demat account in ICICI bank. and trying to close my SB account also.
    Bank is also refusing to refund wrongly deducted amount.

    Beware against any commitment from ICICI bank.

    Comment by Om Prakash Jain | 09/08/2016 | Reply


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